RNS Number:0212G
Libertas Capital Group PLC
19 October 2007

For immediate release                                         19 October 2007

                           LIBERTAS CAPITAL GROUP plc

                               ("the Company")


             ACQUISITION OF THE BUSINESS OF MACADAM LLP ("MACADAM")


Libertas Capital Group plc ("Libertas Capital", AIM: LBR), the international
financial services firm, announces that it has agreed to acquire for an
undisclosed sum Macadam Corporate Finance Limited, being the entire business of
Macadam LLP, a specialist corporate finance advisory firm based in London,
focused upon international transactions particularly in emerging markets, with
industry strengths in renewable energy, natural resources, telecoms and consumer
products. The current partners of Macadam, all of whom will be joining Libertas
Capital, are Tim Murray, Matthew Hindhaugh and Andrew McLennan.  Tim Murray will
be joining Libertas Capital as CEO of its London Office; Matthew Hindhaugh and
Andrew McLennan will be joining as Managing Directors in Corporate Finance.



Macadam is authorised and regulated by the FSA and formal FSA approval for the
transaction is awaited.



Details of the three partners are as follows:



  * Tim Murray is CEO of Macadam and a founder of the firm. He has twelve
    years' experience in investment banking: he was Global Head of Media and
    Telecommunications Investment Banking at Schroders, and headed European
    telecoms investment banking groups at BZW and Societe General. He also
    worked for seven years with Strategic Planning Associates as a strategy
    consultant. He holds an MA in Engineering from Cambridge University and an
    MBA from INSEAD.



  * Matthew Hindhaugh spent sixteen years with Deutsche Bank (formerly Morgan
    Grenfell) where he was a director responsible for executing mergers and
    acquisitions and structured financings, primarily in emerging markets. After
    leaving Deutsche Bank, he and a partner acquired a national UK retailer,
    Culpeper Limited, where he served as its Chief Financial Officer. Before
    Morgan Grenfell he qualified as a Chartered Accountant with Arthur Andersen.
    He holds a BA in History from Nottingham University.



  * Andrew McLennan has fourteen years' investment banking experience as a
    former director in the telecoms investment banking practices of Merrill
    Lynch, Deutsche Morgan Grenfell and SG Warburg. Prior to joining Macadam he
    was head of mergers and acquisitions at Energis Communications plc. He began
    his career at Bain & Co.  He holds an MEng in Electrical Engineering from
    Imperial College, London.





Commenting on the acquisition Henry Okereke, Chief Executive Officer of Libertas
Capital, said "We are delighted to announce the acquisition of Macadam and to
welcome Tim Murray, Matthew Hindhaugh and Andrew McLennan to Libertas Capital -
this is an excellent strategic fit and strengthens further our international
offering in our core sectors"



For further information please contact:




Libertas Capital Group plc                                 +44 (0)20 7569 9650
Jakob Kinde, Executive Chairman
Henry Okereke, Chief Executive

Grant Thornton                                              +44(0)20 7383 5100
Fiona Owen

Buchanan Communications                                    +44 (0)20 7466 5000
Charles Ryland/ Mary Jane-Johnson



Notes to Editors

About Libertas Capital Group plc



Libertas Capital is an international financial services firm offering its
clients a full range of dedicated independent Corporate Finance Advisory,
Research and Distribution services.

Corporate Finance services include investment bankers with substantial depth of
European M&A and general corporate finance experience, as well as entrepreneurs
and industrial professionals with extensive experience and expertise in their
particular fields, having completed in excess of US$100 billion in transactions.

In our research and distribution services we offer our clients a dedicated
research capability with deep industry knowledge in our core sectors - Renewable
Energy, Energy (oil and gas, oil services, natural resources) and Healthcare
Industries - satisfying the needs of both our corporate and institutional
clients. Our extensive distribution network covers UK, European, Asian, Middle
Eastern and US institutional clients.

Our business is based on core values and strengths which we believe both
differentiate Libertas Capital from its competitors and give us a competitive
advantage. We aim to provide a high level of customer service that will result
in long term client relationships based on the principles of openness,
innovation and creativity.





About Macadam LLP (www.macadamllp.com)



Macadam is an independent corporate finance firm based in London.  Its primary
focus is upon providing high-quality merchant banking advisory services to
internationally active businesses and financial sponsors.  Over the past five
years, on behalf of clients from Europe, Africa, the US, the Middle East, Japan
and elsewhere in Asia, Macadam has undertaken transactions all over Europe and
Africa, as well as in Asia, North America and New Zealand.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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